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then he can't deliver tax cuts. >> you can come up with a tax reform plan. increased revenue that takes down the rates, makes it fairer everybody. it's difficult, but you can do it. >> you can't take the rates down 20% though on top of the bush tax cuts. >> romney said, i have reform principles. they are going to help grow the economy and create jobs but the idea he can raise taxes is fanciful. he'll never do it. >> if you are going to cut taxes for the wealthy as much as mitt romney wants to there is no way or he would have put forth the pro growth plan. he's ring on magic like harry potter will be his treasury secretary. >> he's not going to be able to cut taxes for rich people. he doesn't want to. the idea of pro growth taxes -- >> didn't he say 20% across the board? >> he did, but he also said if you take up the deductions, rich people won't get a big tax break. that's the truth. if you go through the principles and think about it, how do you design a pro growth tax policy? you have to take down the race and get rid of deductions. the numbers can add up.
then he can't deliver tax cuts. >> you can come up with a tax reform plan. increased revenue that takes down the rates, makes it fairer everybody. it's difficult, but you can do it. >> you can't take the rates down 20% though on top of the bush tax cuts. >> romney said, i have reform principles. they are going to help grow the economy and create jobs but the idea he can raise taxes is fanciful. he'll never do it. >> if you are going to cut taxes for the wealthy as much...
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they're being burieded by regulatio regulations, taxes, by borrowing. they're being buried by the obama administration's economic failures. >> major, does joe biden's statement, this video, do either play into the debate tonight? >> i don't think the video is going to play into the debate. you look at what pollsters find from surveying voters, they want to nope, especially tonight, what is your characterization of president obama, what's you've done for four years, mitt romney and what are you going to do going forward. i do not expect this to be about a video from 2007. i think if romney were to do that, it would be a strategic mistake. as for paul ryan, this has been part of a romney campaign tendency. everything from the convention, acutely so, maybe a bit before that. to take whatever sound bite of the day is and to build a narrative around that. that doesn't reenforce the larger one for the romney campaign. look, the american public is well aware of the economic situation our nation is in. it's a recovery, but the slowest and least satisfied since
they're being burieded by regulatio regulations, taxes, by borrowing. they're being buried by the obama administration's economic failures. >> major, does joe biden's statement, this video, do either play into the debate tonight? >> i don't think the video is going to play into the debate. you look at what pollsters find from surveying voters, they want to nope, especially tonight, what is your characterization of president obama, what's you've done for four years, mitt romney and...
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>> if you extend the bush tax cuts you don't cut taxes you keep taxes where they are. if you don't extend the bush tax cuts you raise taxes. if you don't extend the bush tax cuts in total you raise taxes. >> they're set to expire. it was your party that set them to expire. i would add. i wasn't -- sitting here at the desk i didn't do that the republican party was the one that decided to do that so you guys had to deal with the sunset provision. >> it's not an accounting measure. they're going to -- of course it's an accounting measure. >> i pay a certain level of tax this career. next year if the bush tax cuts expire i get a big tax increase but if the bush tax cuts don't expire i pay the same tax next year the same as i do this year. >> because you make a lot of money. mr. giuliani, you have a very large tax cut because you are, to your great credit, a high-earning individual and you'll see a large bounty from the tax cut. that's the question on the table. >> stop the ad silliness. the reality is it's true for everyone. let me finish my answer, rather than yelling and
>> if you extend the bush tax cuts you don't cut taxes you keep taxes where they are. if you don't extend the bush tax cuts you raise taxes. if you don't extend the bush tax cuts in total you raise taxes. >> they're set to expire. it was your party that set them to expire. i would add. i wasn't -- sitting here at the desk i didn't do that the republican party was the one that decided to do that so you guys had to deal with the sunset provision. >> it's not an accounting...
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about lowering taxes isn't as attractive to them. therefore i'm not likely to draw them into my campaign. >> joining me now is karen finney former communications director for the dnc and msnbc analyst. karen, great to have you with us. >> good to see you, ed. >> was it a brilliant strategy on the part of the obama team for the president not to use the 47% remark to give an opening to mitt romney because a huge platform of 60 some plus million people. what about that? >> you know, that may very well be. i mean, the thing that, although that is so insulting is, think about it. just the clip you just played, the night that came out, the next day where did he go? fox news. with neil cavuto. again, he really stood by those comments. he said, well, i could have said them a little better but i really stand by the message. for the last two weeks he has been saying i stand by this message that those people, you know, that language, even in his ads he talks about those people, that they wouldn't be attracted to his message of lower taxes? i me
about lowering taxes isn't as attractive to them. therefore i'm not likely to draw them into my campaign. >> joining me now is karen finney former communications director for the dnc and msnbc analyst. karen, great to have you with us. >> good to see you, ed. >> was it a brilliant strategy on the part of the obama team for the president not to use the 47% remark to give an opening to mitt romney because a huge platform of 60 some plus million people. what about that? >>...
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so if the tax plan he described were a tax plan i was asked to support, i'd say absolutely not. i'm not looking for 5i trillion tax cut. i won't put in a place a tax cut that adds to the deficit. i'm not in favor of a $5 trillion tax cut. that's not my plan. >> that's three different moments during this debate when mitt romney noticed the bump in the set for obama. what he's saying there is he's arguing against math. the idea that you can cut faxes 20%, can you tell taxes for everybody and it's deficit neutral and faye for it by closing unspecified loop moles and dealing with deductions. that is the romney position. it's up to bahama to make romney get specific about it to say okay. it's easy to say you deal with the deductions and it's easy to say it's deficit neutral and let's talk about the specific deductions and talk about the home interest deduction and health care deduction and the charitable giving deduction. these are things that people rely on and things that are popular with voters. let's put mitt romney on the spot here and say if you pay for it with deductions, this
so if the tax plan he described were a tax plan i was asked to support, i'd say absolutely not. i'm not looking for 5i trillion tax cut. i won't put in a place a tax cut that adds to the deficit. i'm not in favor of a $5 trillion tax cut. that's not my plan. >> that's three different moments during this debate when mitt romney noticed the bump in the set for obama. what he's saying there is he's arguing against math. the idea that you can cut faxes 20%, can you tell taxes for everybody...
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i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you did say he was fundamentally dishonest after debating him in the primaries. this is not a new attack against romney policy. >> no. and i think that the challenge for the obama people is pretty simple. the president of the united states had 90 minutes. now, if he had done his homework and actually prepared, if he had actually studied romney, why didn't he say it? why didn't he take romney head on? first of all, the charges on the tax cuts are plain wrong, and i think virtually every analyst has said and even your deputy campaign manager said the charges made are wrong. but forgetting tha
i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you...
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i don't have a tax plan that is 4.8 trillion, i am not going to cut taxes on the rich. i don't have a voucher plan, i love teachers, i think we need more of them. don't believe me, speaker gingrich was eloquent in the primaries, saying that mitt romney will say absolutely anything to get elected. >> the president had 90 minutes, now, if he had done his homework and prepared, if he had actually studied romney, why didn't he say it? virtually every analyst has said, and even your deputy campaign manager has said the charges -- was made wrong. forgetting that for a second, the job of the president is supposed to be able to be competent and to stand up for what he believes in and articulate what is wrong. mitt romney walked over him. >> and alex, you mentioned the president is air born to the golden state, a star studded concert with katy perry, and tuesday, campaigning in ohio, meanwhile, mitt romney had a rally last night in florida and stays in florida for a second day, more campaign events later in that swing state. >> yeah, i think you left out george clooney, because
i don't have a tax plan that is 4.8 trillion, i am not going to cut taxes on the rich. i don't have a voucher plan, i love teachers, i think we need more of them. don't believe me, speaker gingrich was eloquent in the primaries, saying that mitt romney will say absolutely anything to get elected. >> the president had 90 minutes, now, if he had done his homework and prepared, if he had actually studied romney, why didn't he say it? virtually every analyst has said, and even your deputy...
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be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big, bold idea is never mind. >> but the etch a sketching did not stop there. governor romney who once believed financial regulation was hurting the economy -- >> dodd frank it's called, has not helped enterprise get going, it's slowed it down. >> now seems to be a supporter of wall street regulation. >> want to repeal dodd/frank? >> and replace it. we're not going to get rid of regulation. some parts of dodd/frank that make all of the sense in the world. >> and back in june, romney mocked the president's crazy ideas about needing more
be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big,...
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we'll get to the deductions but the cut in tax rates. >> the cut in tax rates is lower all americans tax rates by 20%. >> how much does that cost? >> it's revenue lowering. you can -- >> i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> yesterday mitt romney finally gave in, sort of. he didn't detail the deductions he intends to eliminate, but at least offered a few suggestions. >> you could say everybody is going to get up to a $17,000 deduction and use your charitable deduction or your home mortgage deduction or others, health care deduction and fill that bucket, the $17,000 bucket that way and higher income people might have a lower number or do it by the same method that bowles-simpson did it, limiting certain deductions, that's the sort of thing you do with congress. >> so there you go. that's the sort of thing he's talking about. romney's campaign emphasized after the interview those ideas are actually not part of his plan writing -- mark halperin, as you know, i'm an easily confused person
we'll get to the deductions but the cut in tax rates. >> the cut in tax rates is lower all americans tax rates by 20%. >> how much does that cost? >> it's revenue lowering. you can -- >> i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> yesterday mitt romney finally gave in, sort of. he didn't detail the deductions he intends to eliminate, but at least offered a few...
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if you're part of the republican consensus that says no new taxes even for the wealthiest americans, how in the world do you pay for that, and what does that 4% of gdp towards defense that we don't need, what does that do to our deficit? after all the foundation of our national security is our economic security and we have to remember that. >> thanks for your time tonight, michele. i'd like to have you back another night. >> thanks. i would be happy to do that. >> we'll be right back. so you say men are superior drivers? yeah. then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? [ male announcer ] start with nothing, build a ground-breaking car. good. now build a time machine. go here, find someone who can build a futuristic dash board display. bring future guy back. watch him build a tft display like nothing you've ever seen. get him to explain exactly what that is. the thin film transistor display... [ male announcer ] mmm, maybe not. just show
if you're part of the republican consensus that says no new taxes even for the wealthiest americans, how in the world do you pay for that, and what does that 4% of gdp towards defense that we don't need, what does that do to our deficit? after all the foundation of our national security is our economic security and we have to remember that. >> thanks for your time tonight, michele. i'd like to have you back another night. >> thanks. i would be happy to do that. >> we'll be...
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tax rates. it's revenue neutral. >> it's not unless you take away the deductions. we're going to get to that. the first half. lowering the tax rates. does that cost $5 trillion? >> no. >> the master of the power point was having a hard time making a point. let's break down what paul ryan is actually saying here. romney and ryan will give $5 trillion in tax breaks to the wealthiest americans. subtract an unspecified amount of money of unnamed deductions. somehow you're going to get a revenue neutral tax plan. it's a plan so bogus not even a fox news host can understand it. >> you haven't given me the math. >> i don't have the -- it would take me too long to go through the math. >> paul ryan, paul ryan, if you want to be a heartbeat away from the presidency, we're going to have to explain your plans to the american people. take all the time you want. especially here on "the ed show." you guys have been complaining about media fairness preponderance let's talk it over. today paul ryan told a radio
tax rates. it's revenue neutral. >> it's not unless you take away the deductions. we're going to get to that. the first half. lowering the tax rates. does that cost $5 trillion? >> no. >> the master of the power point was having a hard time making a point. let's break down what paul ryan is actually saying here. romney and ryan will give $5 trillion in tax breaks to the wealthiest americans. subtract an unspecified amount of money of unnamed deductions. somehow you're going to...
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i don't have a tax cut that's 4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher program. i love teachers. we need more of them. don't believe me. speaker gingrich was pretty elegant in the primaries saying, look, mitt romney will say absolutely anything to get elected. >> and here's ""the new yorker's" take on the debate. it shows mitt romney debating an empty chair. >>> president obama continues be on his fundraising swing through california looking to capitalize on friday's good economic news. september unemployment rate released on friday dipped to 7.8%, the lowest of his presidency. and new fundraising numbers show the obama campaign is coming off its best month of the year raising $181 million in september. at a fundraising concert last night in los angeles the president added to his campaign coiffers. after thanking the stars for the performance, the president commented on his own performance. >> everybody here is incredible professionals, such great friends. they performed flawlessly, night after night. i can't always say th
i don't have a tax cut that's 4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher program. i love teachers. we need more of them. don't believe me. speaker gingrich was pretty elegant in the primaries saying, look, mitt romney will say absolutely anything to get elected. >> and here's ""the new yorker's" take on the debate. it shows mitt romney debating an empty chair. >>> president obama continues be on his...
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there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, ronl is at 47%. i think the president, the fundamental structure of the race hasn't been changed, but if he doesn't go on the attack, if biden doesn't do a good job against ryan, and if the president doesn't show up and isn't strong in the second debate, then you're going to have a tossup race. >> well, i would disagree with your approach, first of all. i don't approach that way. that's going back and relate gating all the old arguments. in spirit what i would do unlike shrumy, i would take the big issue that is separate the candidates, don't get into the little trench warfare about what's your tax plan and where were you on medicare two weeks ago. i would say whe
there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, ronl is at 47%. i think the president, the fundamental structure of...
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. >>> paul ryan told fox news he and mitt romney want a 20% cut in all income tax rates but ryan failed to provide details. >>> the associated press says if the election were held today, mitt romney would win 23 states, president obama would win the rest capturing 271 electoral votes. >>> hugo chavez, the president of venezuela is facing re-election with voting to be held next sunday, october 7th. chavez told an interviewer that if he were an american, he would vote for president obama over mitt romney. >>> music magazine has ranked the ten best presidents since 1900. franklin d. roosevelt, president during the depression and world war ii was ranked number one. number ten was barack obama. >>> and as the supreme court starts its fall term, justice ruth bader ginsbebegin ginsburg oldest on the supreme court. you probably did not know gin gingsburg and scalia spend every new years with reach over's family welcoming in the new year. >>> and now here's a look at how wall street will kick off the day. the dow closed at 13,437. the s&p lost six. the nasdaq was down 20. taking a look at overse
. >>> paul ryan told fox news he and mitt romney want a 20% cut in all income tax rates but ryan failed to provide details. >>> the associated press says if the election were held today, mitt romney would win 23 states, president obama would win the rest capturing 271 electoral votes. >>> hugo chavez, the president of venezuela is facing re-election with voting to be held next sunday, october 7th. chavez told an interviewer that if he were an american, he would vote...
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he has a tax cut. if you implemented it, what he says though, and has said from the beginning is that he will pay for that tax cut. when you include that sentence, he then says fairly scored, i have promised as a later date to pay for it. the question has been how are you going to pay for it? why should we believe you when no republican in 20 or 30 years has paid for a tax cut. i'm not sure it is wrong for romney to say that he is going to do a $5 trillion tax cut. the problem is he hasn't told us a word about how he is going to pay for it. the three things he wants to do, have the 20% across the board rate cut and have it paid for while protecting a bunch of tax cuts, they can't be done at once. something has to give and we don't know what it will be. >> he is wrong. because, if we give them the allowance that you are willing to give him, that will be the first time in the history of the discussion of tax policy in our government that anyone has been able to say i don't have a $5 trillion tax cut beca
he has a tax cut. if you implemented it, what he says though, and has said from the beginning is that he will pay for that tax cut. when you include that sentence, he then says fairly scored, i have promised as a later date to pay for it. the question has been how are you going to pay for it? why should we believe you when no republican in 20 or 30 years has paid for a tax cut. i'm not sure it is wrong for romney to say that he is going to do a $5 trillion tax cut. the problem is he hasn't told...
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what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a math problem. they can't pay for it. if they can't pay for it, then they are going to raise taxes on the middle class. that's what the economic studies have shown. and look, i don't know anybody who thinks we're another tax cut for a millionaire away from a stronger middle class. that's just not how we have built our economy before and it's not how we're going to continue to make our country on the debate moderator to do itill ?e present be >> ihink the debate morato think the president will push back pticularly on some of thes
what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a...
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this is a tax in and of itself. call it the economy tax. it's been crushing. at the same time, gasoline prices doubled. electric rates are up, food prices are up. health care costs have gone up by $2500 a family. middle income families are being crushed. the question is how to get them going again. >> governor romney defended his tax plan repeatedly. the romney proposal would give breaks to the wealthy while putting a burden on the middle class. >> i know you and your running mate keep saying that. it's popular, but it's not the case. i have five boys. i'm used to people saying something that's not always true but keep on repeating it hoping i'll believe it. that is not the case. i will not reduce the taxes paid by high income americans. number three, i will not, under any circumstances raise taxes on middle income families. >> for 18 months, he's been running on this tax plan. now, five weeks before the election, he's saying his idea is never mind. the fact is that if you are lowering the rates the way you describe, governor, then it is not possible to come u
this is a tax in and of itself. call it the economy tax. it's been crushing. at the same time, gasoline prices doubled. electric rates are up, food prices are up. health care costs have gone up by $2500 a family. middle income families are being crushed. the question is how to get them going again. >> governor romney defended his tax plan repeatedly. the romney proposal would give breaks to the wealthy while putting a burden on the middle class. >> i know you and your running mate...
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>> keeping tax rates down. by lowering tax rates, people keep more of the dollar they earn. that matters. that is pro-growth policy. that creates seven million jobs. >> that's more important than? >> than anything. >> tax breaks for millionaires and billionaires are more important than anything else? those are paul ryan's words. for bet about paying for the tax cuts that he's talking about. you know, they are here to stay if romney and ryan get elected. you can count on that. it's no wonder the romney campaign is struggling with this entire message. but when all else fails, what you got to do is blame the media. >> carrying water for barack obama? >> it kind of goes without saying that there's definitely a media bias. >> where have you seen it in this campaign where you feel they are judging you by one standard and obama by another? >> i'm not going into fit for tat. there's a media bias. and anybody with objectivity would believe that. >> blaming the media is the latest talking point for paul ryan. at a fundraiser, ryan told supporters the campaign needs their help to fight
>> keeping tax rates down. by lowering tax rates, people keep more of the dollar they earn. that matters. that is pro-growth policy. that creates seven million jobs. >> that's more important than? >> than anything. >> tax breaks for millionaires and billionaires are more important than anything else? those are paul ryan's words. for bet about paying for the tax cuts that he's talking about. you know, they are here to stay if romney and ryan get elected. you can count on...
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the cut in tax rates. >> the cut in tax rates is lower all american tax rates by 20%. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away the deductions. we're going to get to that. >> lowering tax rates by broadening the tax base works. and you can -- >> but you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> what's your response to that answer, steve, just the whole series of back and forth there? >> i think that really that's the wrong argument to have if you're paul ryan. >> what do you mean that's the wrong argument? he's the numbers guy. he's the fiscal responsible face of the republican party, what other -- is he supposed to be on the front line for foreign policy? this was supposed to be his game. why is that the wrong argument? >> i didn't say it was the wrong issue. i said the wrong argument. those are two different things. >> okay. >> to me he's accepting the premise of the questions that taxing and spending and how big the government is and the role of
the cut in tax rates. >> the cut in tax rates is lower all american tax rates by 20%. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away the deductions. we're going to get to that. >> lowering tax rates by broadening the tax base works. and you can -- >> but you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> what's your...
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i don't have a tax cut that's $4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers, i think we need more of them. i mean, look, don't believe me, speaker gingrich was pretty eloquent in running during the primaries in saying, look, mitt romney will say absolutely anything to get elected. >> well, one thing i have been saying about the campaign is the president needs surrogates out there, he needs confederates, people out there. i love charleston. a lot of people -- rather charlotte because in charlotte you heard an entire political party speaking led by people like deval patrick, the governor of massachusetts, after you saw mr. mayor. i think it sounds better when it's a serenade than when it's a solo. what do you think about that? because the other guy has these terrible attack dogs out there, people like trump pitching the birerrism nonsense, sununu talking about being lazy. you got priebus and his nonsense about him being from europe and foreign and newt saying terrible things not to mention jack welch trying
i don't have a tax cut that's $4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers, i think we need more of them. i mean, look, don't believe me, speaker gingrich was pretty eloquent in running during the primaries in saying, look, mitt romney will say absolutely anything to get elected. >> well, one thing i have been saying about the campaign is the president needs surrogates out there, he needs confederates, people...
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for every american that pays taxes, if the bush tax cuts expire, their taxes go up. president obama wants to vary that for people at $250,000, that's just the reality of it. >> this is a very important point about the distributional impacts of our tax policy. my understanding is that there had been a difference between mitt romney and the president. that mitt romney wants to make sure he preserves the tax cuts for those at the high end and the president doesn't want to. i want to establish for people watching that is still the case. >> of course it is. mitt romney wants the bush tax cuts -- >> for high income earners. >> for everyone. if you leave those alone, there's no tax increase. if you get rid of the tax cuts for anybody, there will be an increase. the government is wasting enough money already. i believe in the ronald reagan approach -- if i can finish my answer, you should not feed the beast. let's put the beast on a diet and spend a little less money. >> did the department of homeland security, does that count as feeding the beast or not? >> i have no contra
for every american that pays taxes, if the bush tax cuts expire, their taxes go up. president obama wants to vary that for people at $250,000, that's just the reality of it. >> this is a very important point about the distributional impacts of our tax policy. my understanding is that there had been a difference between mitt romney and the president. that mitt romney wants to make sure he preserves the tax cuts for those at the high end and the president doesn't want to. i want to...
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romney's tax plan. for months he's been telling us that he'll cut everyone's taxes by 20%. so some of the country's brightest economists did the math and found that romney's tax plan promises to cut taxes by $5 trillion without adding to the deficit. but when mitt romney took to the stage last night, he delivered a line that beggared belief. >> no economist can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> so black is white, up is down, and everything is the way he says it is in the world of mitt romney. like yago, mitt romney delivered those lines in the presence of a black man, but on this occasion the president would not be deceived. he allowed mr. romney to rehearse the full extent of his lie and then just a few hours ago drew our attention to what really happened last night. >> the real mitt romney has been running around the country for the last year promising $5 trillion in tax cuts in favor of the wealthy. the fellow on stage last night said he didn't know anything about that. >> mr. romney is quite rightly
romney's tax plan. for months he's been telling us that he'll cut everyone's taxes by 20%. so some of the country's brightest economists did the math and found that romney's tax plan promises to cut taxes by $5 trillion without adding to the deficit. but when mitt romney took to the stage last night, he delivered a line that beggared belief. >> no economist can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> so black is white,...
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first is the tax reform. fundamental tax reform across the board which is going to help americans put more money in their pockets for those middle class americans that do a lot of the spending in this country and i think they need it the most. >> will governor romney explain? >> on issues like health care, those are also issues that the governor will address comprehensively and talk about the specifics of how it would help households keep more money and going to help grow the entire economy. >> kevin, excuse me, sorry, didn't mean to interrupt you. >> no worries, sorry. >> will governor romney tomorrow night in denver explain exactly which deductions he would get rid of to make up for the tax cuts that he's offered? >> well, i think it's very hard in a debate to go through a negotiation, particularly when you look at broadening the tax base you're going to have to do it with congress. it's hard to get into those details. he will talk about the fundamental principles that he has with regards to tax form, helpi
first is the tax reform. fundamental tax reform across the board which is going to help americans put more money in their pockets for those middle class americans that do a lot of the spending in this country and i think they need it the most. >> will governor romney explain? >> on issues like health care, those are also issues that the governor will address comprehensively and talk about the specifics of how it would help households keep more money and going to help grow the entire...
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in an interview, romney was pressed for specifics on his tax plan. after ryan said on fox news on sunday the math would take too long to explain. >> you could say everybody is going to get up to a $70,000 deduction and can use your charitable deduction or home mortgage deduction or others. and you can fill that bucket if you will, the $17,000 bucket that way and higher income people might have a lower number. or you could do it by the same method that boll simpson did it. but that's the sort of thing you do with congress. >> so that's the most detail we have heard romney talk about this idea of different buckets and a cap on deductions. but still it's been at nearly every stop in the the last two weeks. romney has had to explain the 47% remark. don't be surprised if we hear a version of this answer when it comes up wednesday night. >> if you could go back to that fundraiser, would you have said it differently? >> it's not productive for someone to get into the detail of how a campaign is going to cop l together the people i need to win an election. i
in an interview, romney was pressed for specifics on his tax plan. after ryan said on fox news on sunday the math would take too long to explain. >> you could say everybody is going to get up to a $70,000 deduction and can use your charitable deduction or home mortgage deduction or others. and you can fill that bucket if you will, the $17,000 bucket that way and higher income people might have a lower number. or you could do it by the same method that boll simpson did it. but that's the...
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when you compare the top marginal income tax rate, the tax rate that top earners get taxed over the highest threshold with employment, growth happens when taxes are higher, not lower. let me show you a chart that the president could have used this week to simplify the whole debate. this is what the election boils down to right here. larry bartels' chart makes it clear, under democratic presidents, everyone does better, even the very top. talk about trickle-down big government but more importantly, americans are ready to move on, even before the good news job numbers were released, an nbc/"wall street journal" survey showed that 44% of americans believe the economy will improve in the next year and four in ten say the country is headed in the right direction, the highest percentage on this question since june of 2009. here with me is cnbc contributor, dan dicker, a 25-year trading veteran of the new york mercantile exchange, civil right attorney mya wiley. attorney raul ruiz and a contributor to "the nation" magazine. thank you for being here. let me ask a question, does 7.8% wipe away wedne
when you compare the top marginal income tax rate, the tax rate that top earners get taxed over the highest threshold with employment, growth happens when taxes are higher, not lower. let me show you a chart that the president could have used this week to simplify the whole debate. this is what the election boils down to right here. larry bartels' chart makes it clear, under democratic presidents, everyone does better, even the very top. talk about trickle-down big government but more...
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that's not a tax raise. that's called fairness where i come from. >> vice president biden, congressman paul ryan are prepping if for their own debate next thursday at center college in danville, kentucky. >>> the united nations security council is condemning the shelling by syrian forces in a turkey down that killed women and children. turkey's military responded with artillery fire, raising the prospect of a wider conflict between the two nations. syria remains locked in a brutal civil war that's killed an estimated 30,000 people since march of last year. for more on this potentially explosive situation along the border, we turn to nbc's amon. he's live on the phone from turkey. reset this story for us, if you would, this morning. what happened initially, and where are we now? >> reporter: well, it began on wednesday afternoon when the syrian military essentially fired on this town that was on the syrian side of the border, but according to some, they overshot. one of the mortars landed in the turkish town
that's not a tax raise. that's called fairness where i come from. >> vice president biden, congressman paul ryan are prepping if for their own debate next thursday at center college in danville, kentucky. >>> the united nations security council is condemning the shelling by syrian forces in a turkey down that killed women and children. turkey's military responded with artillery fire, raising the prospect of a wider conflict between the two nations. syria remains locked in a...
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the tax plan still doesn't add up. the question for him is whether or not he's able to obscure o that on the stage tonight. >> ezra. thank you. so chris hayes, do we end up in a mega-audience version of paul ryan saying this weekend, i don't really have the time to give you the numbers. i'd bore you if i gave you the math. >> that, to me, is the most fascinating element in this debate. is that he has said time and time again, mitt romney even said at one point, look, i learned from governor christie, if you give people details, they just use it to attack you. he has said explicitly as a matter of strategy, we won't give you more details. so how long can he avoid details on stage with the president for 90 minutes. and the other problem, it's not just bain, it's not just fact that this is the wealthiest man to run for president, well, in nominal dollars, ever, but in real dollars, in a long time. but he is proposing the same thing that republicans always propose when they get into office. the one reliable policy you can
the tax plan still doesn't add up. the question for him is whether or not he's able to obscure o that on the stage tonight. >> ezra. thank you. so chris hayes, do we end up in a mega-audience version of paul ryan saying this weekend, i don't really have the time to give you the numbers. i'd bore you if i gave you the math. >> that, to me, is the most fascinating element in this debate. is that he has said time and time again, mitt romney even said at one point, look, i learned from...
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. >> at the debate he said he's not going to cut taxes for the wealthy. in the primary he said he's going to cut taxes for everyone. >> i'm going to lower rates across the board for all americans. isn't that a change? >> let me repeat what i said. >> lying, denying and alibiing. >> is that leadership? >> we can't debate the debate. >> the war continues. >> let's move on. >> we are awaiting a major foreign policy address. >> romney boiled down the president's foreign policy to one of hope. >> hope is not a strategy. >> but on actual foreign policy romney's specifics were rather thin. >> i'll support the libyan's people efforts to support a lasting government. >> how about iran? >> prevent them from acquiring nuclear weapons capability. >> that's the same. >> this is the same guy who couldn't even go to the olympics. >> he will say anything, he will do anything. >> his mention of russia. >> without question of number one geo political foe. >> there are two kinds of success, initial and ultimate. >> i still believe you in and i hope you still believe in me.
. >> at the debate he said he's not going to cut taxes for the wealthy. in the primary he said he's going to cut taxes for everyone. >> i'm going to lower rates across the board for all americans. isn't that a change? >> let me repeat what i said. >> lying, denying and alibiing. >> is that leadership? >> we can't debate the debate. >> the war continues. >> let's move on. >> we are awaiting a major foreign policy address. >> romney...
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is romney really not seeking a $5 trillion tax cut? will people be able to keep their health insurance under the president's plan? >> i always kind of approach it from they're both lying to me. so now i have to figure out which one is lying to me less and basing my decision on that. >> reporter: so i guess the question that i have that maybe you can't answer is why can't you make up your minds? >> they all said the rest of the debates are even more crucial. after watching round one, perhaps significantly change the entire race. ron allen, nbc news, denver. >> aides to mitt romney say he will spend part of today preparing for the next presidential debate, which is scheduled for october 16th. the president's team says he hasn't held any formal debate practice sessions since wednesday, and is spending today celebrating his 20th wedding anniversary. with me now is our brain trust panel, perry bacon jr. is an msnbc contributor and political editor at thegrio.com. jennifer rubin writes the right turn for the "washington post." and tara mcgui
is romney really not seeking a $5 trillion tax cut? will people be able to keep their health insurance under the president's plan? >> i always kind of approach it from they're both lying to me. so now i have to figure out which one is lying to me less and basing my decision on that. >> reporter: so i guess the question that i have that maybe you can't answer is why can't you make up your minds? >> they all said the rest of the debates are even more crucial. after watching...
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>> what bf his commit to not raising taxes? >> i think what's been incredible at the close of this race with 29 days to go has been the room that finally the conservative base has allowed mitt romney to spurn them in a lot of ways because they just wanted the visceral enjoyment of seeing him win a debate against the president. that's more important to them and beating barack obama in a lot of ways is more important to a lot of base than ideology. now, i can't imagine mitt romney going to that extent as matt as said and saying -- >> and doing something sensible for the government and the country. we wouldn't do that. >> but i also couldn't put anything past him at this point. >> joy reid and matt miller, thank you both. next, the president on the road again, as mitt romney campaigns right now with an aircraft carrier in the background. so who has the upper hand today? stay with us. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm
>> what bf his commit to not raising taxes? >> i think what's been incredible at the close of this race with 29 days to go has been the room that finally the conservative base has allowed mitt romney to spurn them in a lot of ways because they just wanted the visceral enjoyment of seeing him win a debate against the president. that's more important to them and beating barack obama in a lot of ways is more important to a lot of base than ideology. now, i can't imagine mitt romney...
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did the vice president give critics an opening when he talked about a tax hike. let's listen. >> you know the phrase they always use? obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do, in one regard. we want to let that $1 trillion tax cut expire so the middle class doesn't have to bear the burden of all the money going to the super-wealthy. >> does the vice president's style create a risk for the democratic ticket? >> he does. you know, it's something that they've been watching with joe biden for years, but joe biden has been preparing for an entire week. by thursday when the debate happens, he will have spent almost a week at his home in wilmington preparing. and when he is prepared, he is much better in that he doesn't make those same gaffes. when he nose what it is that he needs to say and he's not going off the cuff in this style, he does better. >> on thursday, joe biden went aggressively after governor romney on taxes. let's take a look at that. >> you just never know what game or what position governor romney's going to com
did the vice president give critics an opening when he talked about a tax hike. let's listen. >> you know the phrase they always use? obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do, in one regard. we want to let that $1 trillion tax cut expire so the middle class doesn't have to bear the burden of all the money going to the super-wealthy. >> does the vice president's style create a risk for the democratic ticket? >> he does. you know, it's...
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let me play that. >> lowering tax rates by broadening the tax base works. >> you haven't given me the math. >> i don't have the -- it would take me too long to go through all of the math. >> i don't want to read into personality, but you can see a common theme when pressed or made uncomfortable. might we see that in two days? >> look, you know, ryan has actually been a liability to the ticket so far. he hasn't comported himself very well in this campaign at all yet. the polls immediately after he was named showed he wasn't a popular choice. his convention speech was pretty rah, rah to the people the in the hall the night it was given. the next day the fact checkers started in on it sliced it to ribbons. he's been a drag on this ticket, but i wouldn't underestimate him as a deet baiter. most people consider him the favorite into the debate. there's no question as governor rendell said that he is going to play with the truth. let's put it that way. he's going to stretch the truth, and biden will challenge him very directly on the ryan budget. i think biden should also with reference to
let me play that. >> lowering tax rates by broadening the tax base works. >> you haven't given me the math. >> i don't have the -- it would take me too long to go through all of the math. >> i don't want to read into personality, but you can see a common theme when pressed or made uncomfortable. might we see that in two days? >> look, you know, ryan has actually been a liability to the ticket so far. he hasn't comported himself very well in this campaign at all...
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tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map of where the tresh is, now you get this opinion letters from lawyer, if you follow one every one of these steps, you can get your treasure untaxed to the cayman islands. one of the things the times points out because of the way these were set up and the fees they were charged against them, the less taxes paid by those who were investing, the greater the sum available and therefore the higher the fees that romney collected. >> karen finney, romney, you get the sense the romney campaign expected that the tax return story was a story
tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map...
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we just have to wean them off because they don't want to pay income tax. now, a guy with a tax account in the cayman islands is attacking other people? when you really bust someone for what you did, it really takes a lot of gal, you know. >> now, that's former president clinton. will the president go after mitt romney tonight? do you think? >> well, it's hard to imagine that somebody, either jim lehrer or the president himself, won't bring up the 47% video because it has been devastating to romney. obama has used it in ads and it plays into the perception of romney as a very rich guy who is completely out of touch with ordinary voters. however, i can't imagine that romney hasn't are practiced responses to that. he's already had an ad where he sits down, faces the camera, he tries to assure voters that he wants to help 100% of americans, everybody. but the danger for romney is seeming fake or false when he tries to connect. he has, no doubt, practiced a lot, rehearsed a lot. he has a lot of answers already planned but can he seem genuine when he's given tha
we just have to wean them off because they don't want to pay income tax. now, a guy with a tax account in the cayman islands is attacking other people? when you really bust someone for what you did, it really takes a lot of gal, you know. >> now, that's former president clinton. will the president go after mitt romney tonight? do you think? >> well, it's hard to imagine that somebody, either jim lehrer or the president himself, won't bring up the 47% video because it has been...
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$5 trillion in tax cuts that he can't pay for? not if i've got anything to say about it. >>> plus, a tea party group accused of hovering and getting into faces is under fire. congressman cummings is demanding answers. he's here exclusively. >>> and live from new york, it's me, our friends at "snl" took on yours truly and the msnbc team. oh, yeah, i've got something to say about it. you're watching "politicsnation" on msnbc. >> it's a mile below the earth so for him, speaking to colorado was like being flown two miles into the air and having to give a speech in outer space. an intense burning sensation i woke up with this horrible rash on my right side. like somebody had set it on fire. and the doctor said, cindie, you have shingles. he said, you had chickenpox when you were a little girl... i said, yes, i did. i don't think anybody ever thinks they're going to get shingles. but it happened to me. for more of the inside story, visit shinglesinfo.com mom? who's mom? i'm the giants mascot. eat up! new jammin jerk chicken soup has tas
$5 trillion in tax cuts that he can't pay for? not if i've got anything to say about it. >>> plus, a tea party group accused of hovering and getting into faces is under fire. congressman cummings is demanding answers. he's here exclusively. >>> and live from new york, it's me, our friends at "snl" took on yours truly and the msnbc team. oh, yeah, i've got something to say about it. you're watching "politicsnation" on msnbc. >> it's a mile below the...
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and he opposes any new taxes. so on health care, he's kind of pulling up the ladder after him and his state. he's saying that he opposes universal health care at the federal level but he will not give states money they need to get it done at the state level. so under his plan there's no way to get universal health care done at all. but he doesn't really want you to know that. joining me now is jonathan gruber one of the folks who helped mitt romney design his health care law in massachusetts. it's great to see you. >> good to be here, ezra. >> you know these numbers for this plan, anything you want to fact check, correct or complicate here. >> no, you described it very well. i think what candidate romney is not owning up to is the fact that the federal government made our plan possible. they gave us the seed money, if you will, more than seed, more than half the money we needed to make it possible and the rest came from a tax that was already imposed on the state that mitt romney essentially rededicated to his eff
and he opposes any new taxes. so on health care, he's kind of pulling up the ladder after him and his state. he's saying that he opposes universal health care at the federal level but he will not give states money they need to get it done at the state level. so under his plan there's no way to get universal health care done at all. but he doesn't really want you to know that. joining me now is jonathan gruber one of the folks who helped mitt romney design his health care law in massachusetts....
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overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is all just sort of a generated media narrative that he is coming up with all sorts of new policies and new touching stories. this is, you know, what's great about last week is it's our opportunity to present an unfiltered mitt romney versus an unfiltered barack obama and the choice was houistorically. >> let's ask you then about specifically what the panelist talked about, the thing that a lot of analysts are watching is are the polls going to move in the swing states? it is early to tell. the jobs numbers may factor in to this. can mitt romney move the polls in a place like ohio? where before the
overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is all just sort of...
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he says he's going to lower tax rates but eliminate corporate tax loopholes and personal tax loopholes. i think he has a secret plan to eliminate that tax critical to the middle class. >> do you think that's what viewers walked away thinking? >> i think they walked away thinking mitt romney would be a great used car salesman, but the policies he's articulating will get us right back into the mess that president obama has been working so hard to dig us out of. >> i suspect many walked away last night feeling a bit confused, maybe a bit bored by the technical language and lack of passion. and they are possibly asking the question around the world that many are, which is why can't these guys get together to hammer out a fiscal solution? because actually they were talking about the details, they didn't seem to be so incredibly so far apart on many of the issues. >> were they? >> i was just thinking just now it is too bad steve israel couldn't go out with an obama mask and substitute for the president. there are a lot of points you are making last night that the president missed. >> what wa
he says he's going to lower tax rates but eliminate corporate tax loopholes and personal tax loopholes. i think he has a secret plan to eliminate that tax critical to the middle class. >> do you think that's what viewers walked away thinking? >> i think they walked away thinking mitt romney would be a great used car salesman, but the policies he's articulating will get us right back into the mess that president obama has been working so hard to dig us out of. >> i suspect many...
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i'm a former federal tax lawyer and a business owner. i get how jobs are created but i also understand how they're destroyed. >> joining me now is her competitor, jim graves, the democratic nominee for minnesota's sixth congressional district. jim, thank you for joining me. >> thank you for having me on. appreciate it. >> you had no political experience, jim, until you began your campaign. i'm sure your constituents want to hear what makes you qualified to serve in congress? >> i'm a business guy. i've created a lot of jobs. i understand the economy, budgets, how to get things done. obviously michele bachmann doesn't. so i'm prepared to go to congress and get things done, bring people together, make this economy work again and she doesn't. >> you just heard the congresswoman, though. how does your plan for the economy differentiate from hers? >> first and foremost we're not going to lower the minimum wage. that doesn't help anybody. what we need is good wage jobs. she's pledged to go to norquist and coke brothers. i'm pledging myself to
i'm a former federal tax lawyer and a business owner. i get how jobs are created but i also understand how they're destroyed. >> joining me now is her competitor, jim graves, the democratic nominee for minnesota's sixth congressional district. jim, thank you for joining me. >> thank you for having me on. appreciate it. >> you had no political experience, jim, until you began your campaign. i'm sure your constituents want to hear what makes you qualified to serve in congress?...
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that means probably raising taxes or at least cutting some loopholes and making the tax code simpler, raising revenue, making some investments but maybe curbing entitlements. >> i want to bring in ralph nader, three-time presidential candidate and author of the new book called "the 17 solutions." always good to have you on the program. thanks for being here. mitt romney is painting himself as a defender of the middle class. he says he won't raise taxes on the middle class, won't cut education. has a plan to cover people with pre-existing conditions. is this the real mitt romney? give us your take on this economic debate. >> it's clearly the new fake romney on the debate and president obama couldn't adjust in time. he said what's this? and i think it's the old romney that counts. i think the 47% really reflected his plutocratic personality, and he still has tattend to his bas, which is the primary base. that's what's going to bring him down. >> that's the political reality. there is a reality that there are people out there who want to know what these guys are going to do going forward
that means probably raising taxes or at least cutting some loopholes and making the tax code simpler, raising revenue, making some investments but maybe curbing entitlements. >> i want to bring in ralph nader, three-time presidential candidate and author of the new book called "the 17 solutions." always good to have you on the program. thanks for being here. mitt romney is painting himself as a defender of the middle class. he says he won't raise taxes on the middle class, won't...
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the fact these bums don't want to pay tax and the richest guy in the world is avoiding tax. >> bill clinton has the best peripheral vision in the history of politics. he knows how to do it. clinton uses a sense of humor to do it, to make the other guy seem like a complete hypocritical phoney. rather than say the guy is a hypocritical phoney, bill clinton builds the occasion like he's talking to the jury. that's what he did there. that's the obstacle that mitt romney has. the way people view mitt romney, in the nbc poll, they still basically have a negative view of the guy. he has to come out there and say, i know how to fix the economy on your behalf, even though people know his whole life has been dedicated to flipping corporates and doing the magic that he did that got him the caymen offshore account. and $100 million i.r.a., individual retirement account. >> he has to show -- >> how does a guy -- >> how does that help us? >> -- have a $100 million individual retirement account? >> one thing president clinton has done so successfully, he's not against wealth. he's just against hypocrisy,
the fact these bums don't want to pay tax and the richest guy in the world is avoiding tax. >> bill clinton has the best peripheral vision in the history of politics. he knows how to do it. clinton uses a sense of humor to do it, to make the other guy seem like a complete hypocritical phoney. rather than say the guy is a hypocritical phoney, bill clinton builds the occasion like he's talking to the jury. that's what he did there. that's the obstacle that mitt romney has. the way people...
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Oct 5, 2012
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they were called somebody else's tax cuts probably less likely to be raised. >> some other body's tax cuts. we'll examine how romney may have found his inner "w" ahead on now. [ male announcer ] when these come together, and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. tomato soup from campbell's. it's amazing what soup can do. you paid...wow. hmmm. let's see if walmart can help you find the same look for less. okay. we'll examine how romney may di rockstar! really? yeah. oh, wow! oh, black frame looks good on you. yeah? you can get a complete pair starting at just -- $38. really?! and did you know that our glasses come with a free 12-month replacement guarantee? i didn't know walmart had all this. the price is impressive, the quality is too! come to walmart and see for yourself. find quality eyewear brands starting at just $38. only at walmart. what are they fitting, aliens? >>> the mitt romney machine is running on a 17-day delay. two weeks ago a video featuring these comments too
they were called somebody else's tax cuts probably less likely to be raised. >> some other body's tax cuts. we'll examine how romney may have found his inner "w" ahead on now. [ male announcer ] when these come together, and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. tomato soup from campbell's. it's amazing what soup can do. you paid...wow. hmmm. let's see if walmart can...
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Oct 1, 2012
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and he's just as hapless on taxes. >> raise taxes with obama care but he's got another taxes in mind. >> governor romney doesn't need zingers. he needs to get his story straight. he needs to stop debating himself. and at the end of the day, this election isn't about one liners. just ask our president. >> i know folks in the media are speculating already on who's going to have the best zingers. what i'm most concerned about is having a serious discussion about what we need to do to keep the country growing and restore security for hardworking americans. that's what people are going to be listening for. that's the debate that you deserve. >> that's the debate voters deserve. and on wednesday night, they won't be distracted by any zingers cooked up by romney's team of joke writers. joining me now is michelle cottle, washington correspondent for "newsweek" and the daily beast. and dana milbank, columnist for "the washington post." thanks to you both for coming on tonight. dana, are zingers the answer for mitt romney? >> well, he has to beware the very perilous boomerang zinger. delivering
and he's just as hapless on taxes. >> raise taxes with obama care but he's got another taxes in mind. >> governor romney doesn't need zingers. he needs to get his story straight. he needs to stop debating himself. and at the end of the day, this election isn't about one liners. just ask our president. >> i know folks in the media are speculating already on who's going to have the best zingers. what i'm most concerned about is having a serious discussion about what we need to...